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Awaiting price reaction for this filing.
Panorama Studios reported a decline in full-year revenue, with standalone revenue from operations falling about 14% to Rs 34,807 lacs (from Rs 40,371 lacs in FY24) and consolidated revenue falling about 17% to Rs 36,415 lacs. Despite the revenue dip, standalone profit for the year stayed nearly flat at Rs 4,045 lacs (vs Rs 4,197 lacs), and consolidated profit rose slightly to Rs 3,974 lacs (vs Rs 3,822 lacs). The company declared a 10% dividend (Rs 0.20 per share) subject to shareholder approval. Borrowings jumped sharply on a standalone basis — from about Rs 1,104 lacs to Rs 6,500 lacs — while cash flow from operations remained negative at Rs -1,637 lacs (standalone) and Rs -2,588 lacs (consolidated). Auditor SIGMAC & Co issued an unmodified (clean) opinion on both sets of results, and the company disclosed a long list of related-party transactions with KMPs, promoter group members, and subsidiaries.
For shareholders: the dividend is a small positive, but the revenue decline and continued negative operating cash flow point to working-capital stress; the sharp rise in borrowings (over 5x growth) is a concern. The stock price may react negatively given weak top-line performance, though stable profitability and a clean audit opinion provide some comfort.